CIPLA trade ideas
CIPLA for short termChart -> Cipla Daily
Cipla has broken down horizontal and diagonal trendlines as it has closed above 950.
CMP: 953
Targets: 975 and 995
SL: Daily closing below 935
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Wall Street Assignment - Stock 1CIPLA
MACD
Bactested - 14% gains
RSI
Fibonacci
Another way to determine price objectives is by the use of percentage retracements. The most commonly used numbers in retracement analysis are 61.8%, 38%, 50%. In a strong uptrend, the retracement is generally 38% while in a weak uptrend the retracement is about 61.8%.